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Mobius Capital Partners's investment thesis on EPAM Systems Inc. ($EPAM) — Q4 2025 | Buyside Digest

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$EPAMNASDAQEPAM Systems Inc.

BULL

Mobius Capital Partners—EPAM

Fund Letter

Q4 2025

Published January 26, 2026

View Fund Profile

$114.00USD

-2.6% vs last month

$208.60Pitched

-45.3% since pitch

Market Cap$4.9B

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

In Q4 2025, the Mobius Emerging Markets Fund (MEMF) delivered a NAV return of 2.9% (USD), outperforming its benchmark, the MSCI EM Mid Cap Index, which returned 2.2%. Despite a challenging...

— Carlos von Hardenberg

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